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Blog Post: Day 29 of $QQQ short term up-trend; 120 US new highs and 8 lows, 45 at ATH; While many people fear the market this is exactly the time I enter; see 10:30 weekly charts of $QQQ and $SPY showing Stage 2 up-trend gaining momentum
See the 10 week average (dotted line) rising above the rising 30 week average (red line). Gray line is weekly close.
Blog Post: Small-cap stocks have likely formed a bottom and started to advance, check out these weekly and daily charts for $IWM and $TNA, https://wp.me/pqq9l-6Lr
TNA is the triple leveraged bullish ETF for IWM, the Russell 2000 index ETF. I prefer to trade TNA, like I trade TQQQ when QQQ is in an up-trend. TNA advanced +8% on Tuesday while IWM advanced +2.6%. Now that the tech stocks have moved up, it is fitting that people feel more comfortable buying the small caps. I think that IWM has formed a bottom. Do you agree? Check out these daily and weekly charts.
